The independence of the auditors - fact or fantasy / Allan Chang Aik Leng

Allan, Chang Aik Leng (1989) The independence of the auditors - fact or fantasy / Allan Chang Aik Leng. Jurnal Akademik, 1 (1). pp. 25-30. ISSN 0128-2635


This article analyses the auditors’ dilemma in projecting their image of independence in appearance and in fact. The first part will discuss the statutory provisions and ethical
considerations aimed at projecting the auditors’ independence in the audit of limited companies. The second part will detail the problems which arise in practice and which threaten the auditors’ independence. Not all companies, whether private or public, are subject to an audit. Only companies which are registered under the Malaysian Companies Act 1965 (as amended) are obliged to undergo an external audit at least once a year. These are “limited companies.” In the event of a bankruptcy, the shareholders’ liability is limited to the share capital they have contributed while their personal assets remain untouched.


Item Type: Article
Email / ID Num.
Allan, Chang Aik Leng
Subjects: H Social Sciences > H Social Sciences (General)
N Fine Arts > NC Drawing. Design. IIlustration
Divisions: Universiti Teknologi MARA, Sarawak
Journal or Publication Title: Jurnal Akademik
UiTM Journal Collections: Others > Jurnal Akademik UiTM Sarawak
ISSN: 0128-2635
Volume: 1
Number: 1
Page Range: pp. 25-30
Keywords: auditor, fact or fantasy , auditors’ independence
Date: September 1989
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